South Korea is implementing stricter regulations for digital asset transactions as it prepares to allow institutional participation in its crypto market. New guidelines, effective June, permit nonprofit organizations and exchanges to sell cryptocurrencies under enhanced compliance standards. Nonprofits must have five years of audited financial history and establish Donation Review Committees. All donations must go through verified Korean won exchange accounts to mitigate money laundering risks. Only cryptocurrencies listed on at least three major domestic exchanges will be eligible for sale. Crypto exchanges can liquidate user fees paid in crypto solely for operational costs, with daily sales capped at 10% of the planned amount and restricted to the top 20 tokens by market cap. Exchanges are prohibited from selling tokens on their own platforms to avoid conflicts of interest. Listing standards are tightened to prevent instability, requiring minimum circulating supply and imposing temporary market order restrictions post-listing. Zombie tokens and memecoins will face increased scrutiny. Additionally, political leaders are advocating for a stablecoin pegged to the Korean won and the legalization of spot crypto ETFs, indicating bipartisan support for digital asset reforms.

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